Cattle

Live cattle futures are 22.5 to 50 cents higher in the front months. Feeder cattle futures are up 50 to 65 cents at midday. The CME feeder cattle index rose $2.02 on July 12 to $150.74. Wholesale beef prices were lower in the Friday morning report, with choice boxes down 60 cents at $209.25. Select was $1.86 lower, with an average of $195.40. Estimated week to date FI cattle slaughter was 475,000 head through Thursday, 27,000 above the same week last year. A few cash cattle sales @ $120 were reported for Thursday, as most regions are relatively calm thus far today. Total beef export commitments YTD are 10.5% larger than last year at this time.

Aug 17 Cattle are at $117.650, up $0.225,

Oct 17 Cattle are at $118.300, up $0.475,

Dec 17 Cattle are at $118.725, up $0.500,

Aug 17 Feeder Cattle are at $153.600, up $0.575

Sep 17 Feeder Cattle are at $153.475, up $0.500

Oct 17 Feeder Cattle are at $152.150, up $0.650




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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